Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Your mortgage interest payments are likely going up. Is there a way to reduce them? Nov 28th
A lump-sum payment would go directly to the principle of your mortgage, meaning you’re immediately paying less interest..... More »
Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns + MORE Nov 15th
Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada's housing agency..... More »
Canadian banks set for strong results as trade, housing risks loom Feb 19th
As Big Six prepare to release earnings, rising household debt, slowing mortgage growth could weigh on outlook
.... More »
The latest mortgage news: Variable-rate mortgages are making a comeback + MORE Jun 29th
Mortgage borrowers are increasingly opting for variable-rate mortgages, a trend that is expected to continue as the Bank of Canada continues to lower interest rates..... More »
The Broker Channel Gets Another Prime Lender: Strive Capital + MORE Sep 23rd
Strive is live. It’s Canada’s latest prime lender in the mortgage broker market..... More »
A New Housing Horizon
– ratesupermarket.ca
It seems each week, there’s a new headline pointing to what Canadians should fear for their finances. Now, the Bank of Canada has chimed in with new warnings for the housing market, which has again surpassed the price of oil as our greatest economic risk.
It’s a lot for buyers to take in, and has many wondering – is it tougher than ever to buy real estate in Canada? Read on for the full story.
Canada’s Housing Market is Biggest Economic Risk
What’s the biggest risk to our economy? It’s not the low price of oil – the Bank of Canada recently revealed that high levels of household debt and steep housing market are their biggest causes for concern. Here’s what that means for you.
Read Rubina’s Blog | Canada’s Housing Market is Biggest Economic Risk
Mortgage Throwback: Dan’s Story
Is it really tougher to buy a home in today’s market? Any new homeowner will likely say so, as a house with a yard – considered the norm in yesteryear – is now reserved for the millionaire set in our nation’s steepest markets…
New Mortgage Prepayment Stats
– canadianmortgagetrends.com
Manulife released new data this week on homeowners’ tendency to prepay their mortgages, as well as their ability to withstand interest rate hikes. Here’s what those numbers revealed. Prepayment Trends Mortgages with big prepayment allowances save a small fraction of the population a lot of interest. There’s no disputing that. But for most, they are one of the more over-rated mortgage features. Manulife’s Homeowner Debt Survey supports that. The report found that while 40% of mortgage holders paid extra on their mortgage last year, those payments totalled only 3.3% of the average Canadian’s mortgage balance (which is $190,000). Moreover: Fewer than 1 in 15 mortgagors READ MORE
